In October, French retailer Galeries Lafayette announced that they would be establishing the Fondation d’entreprise Galeries Lafayette, an organization with the mission "to provide artists from all backgrounds with a place to create, produce, diffuse and show their work; to facilitate contacts among talents and skills." The Art Newspaper reports that the organization will operate out of a 19th century building on the rue du Plâtre in Paris and that Dutch architect Rem Koolhaas will lead the renovations. Earlier this year, Koolhaas was named as curator of the 2014 Venice Architecture Biennale, but the 2016 opening of Galeries Lafayette's exhibition space shouldn't conflict with that project at all.

Other notable persons involved with the art space are Tate modern director Chris Dercon and Centre Pompidou-Metz director Laurent Le Bon who will both serve on the board. For more information on the organization and the art exhibitions scheduled, visit the company's news page here.

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[via TheArtNewspaper]